Cost of Living in Italy

Many expats in Italy are drawn to the low-key lifestyle of small towns; others opt for the cultural opportunities and amenities of the cities. In between are the medium-sized cities that offer a bit of both. In short, Italy has something for everyone. Whatever your taste, the cost of living in Italy is not as high as many expect. Many tourists are under the impression that Italy is expensive. And, of course, if you have a cup of coffee in St. Mark’s Square in Venice, all your fears are likely to be confirmed. But the truth is, outside the tourist hotspots, you don’t have to spend a fortune to enjoy la dolce vita (the sweet life).

Obviously, how much it costs to live in Italy will depend on your lifestyle and where you choose to settle. Housing costs in the cities are, of course, higher. By choosing a small town, you’ll save a lot on real estate, which is your primary expenditure. But that doesn’t mean sacrificing quality of life, because even in provincial cities there are cultural events, historical sights and an authentically Italian way of life.

Real estate prices vary, from as little as $27,000 in a village in the south, to multimillion-dollar villas in Tuscany or Lake Como. Of course, there is everything in between, and desirable medium-sized towns often offer comfortable apartments from about $88,000 to $168,000. Even towns within an hour of the cities will have some habitable homes in this price range. Farmhouses naturally cost more, given their size and land. Count on spending $270,000 and up for those—and you’ll likely still have to invest in some restorations—though the southern regions offer more bargain options. Rents in a provincial city will range from about $540 to $940 for a furnished apartment. In small towns, you can find rentals from $400 and up.

Aside from housing costs, the living expenses in Italy are fairly consistent around the country. You’ll always find upscale, expensive restaurants as well as budget-friendly, family-style eateries no matter where you go.

Here’s a sample of regular monthly expenses for two people and some prices on staple items.

Recently I was lucky enough to spend two months in the bustling, vibrant, food-loving Italian capital, Rome. A place where monuments tower overhead, pizzerias serve their fare crispy and hot and the best gelato in the world is never more than a few minutes away.

When my husband and I decided to move to Italy, we knew we loved the lifestyle and the Italian culture. We just hadn’t realised how affordable life here could be. Since we don’t live in a touristy area or an art city like Rome, daily life here—in the southern region of Basilicata—is surprisingly inexpensive.